Question

Someone help meeeeeeeeeeee Edgar has $7,000 in an account that earns 15% interest compounded annually.

To the nearest cent, how much interest will he earn in 3 years?

Answer 1

The answer is 10,150

Answer 2

10,150

Explanation:

Multiply 0.15 by 3

add 0.45 to 1.00

multiply 1.45 by 7000